Q3 2025 Forward Air Corp (Delaware) Earnings Call Transcript

Nov 5, 2025 / 09:30 PM GMT

Release Date Price: $17.69 (-2.48%)

Transcript 10-Q8-K

Key Points

Positve

Forward Air Corp (FWRD) reported a consolidated EBITDA of $78 million for the third quarter, consistent with the previous quarter.
The company has successfully implemented cost reduction initiatives, resulting in approximately $12 million in annualized savings.
The Omni logistics segment achieved its highest revenue and reported EBITDA since the acquisition, with a 22% year-over-year increase in EBITDA.
The company is making progress in its transformation strategy, including unifying operations under a new regional structure and upgrading its tech stack.
Forward Air Corp (FWRD) has improved its cash flow significantly, with a $113 million increase in cash provided by operations compared to the previous year.

Negative

The strategic alternatives review process is ongoing and has been lengthy, contributing to uncertainty.
The freight environment remains challenging, with a decline in tonnage impacting the expedited freight segment.
The LTL (Less Than Truckload) segment is experiencing lower volumes, although the company is managing costs effectively.
Market conditions remain tough, with the intermodal segment facing challenges due to broader market and port activity issues.
The company faces macroeconomic uncertainties, which could impact future performance and growth opportunities.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FWRD.OQ - Forward Air Corp (Delaware)
Q3 2025 Forward Air Corp (Delaware) Earnings Call
Nov 05, 2025 / 09:30PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to the Forward Air 3rd quarter 2025 earnings conference call.

At this time, all participants have been placed on a listen-only mode, and the floor will be open for your questions following the presentation.

If you would like to ask a question at that time, please press star one on your telephone keypad.

If at any point your question has been answered, you may remove yourself from the queue by pressing 2.

So others can hear your questions clearly, we ask that you pick up your handset for best sound quality.

Lastly, if you should require operator assistance, please press 0.

I would now like to turn the call over to Tony Carrino, senior Vice President of

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